COMMENTARY
Bernanke’s last move failed to move Markets higher; Stocks Fall in Heavy Turnover
Even the President’s State of the Union address couldn’t help keep futures higher after the Turkish Central Bank pushed lending rates much higher than anticipated. Buying did come in and rescue the market somewhat at the open, but all eyes were glued to the 2pm...
AAPL Weighs on the NASDAQ; Stocks Rebound on Light Volume
AAPL’s reaction to earnings was quite harsh as the stock closed just above the $500 level after erasing 44 points on the day. Due to AAPL the NASDAQ simply could not keep up with the rest of the indexes lead by the Russell 2000 closing higher by .93%. Volume was...
NASDAQ and Russell succumb to selling; Volume ends lower
Selling continued on Monday lead by the Russell 2000 and NASDAQ Composite indexes. CAT earnings release and subsequent move helped the Dow Jones Industrial Average from losing further steam. Volume ended the day lower across the board despite the plunge to new lows...
Big Wave Trading Portfolio Update And Top Current Holdings
And it finally gets interesting. It has been such an amazing winter on Maui this year with all of the amazing surf and whale action that the slow methodical uptrend has been a side-feature to a much more impressive show by mother nature. However, the stock market has...
China’s PMI Disappoints as Distribution Sweeps across US Indexes
Pundits are blaming today’s move on a disappointing manufacturing piece of data out of China last night. China’s PMI dropped below the 50 level marking a contraction in manufacturing when the sector was expected to expand. Selling started early and Chinese related...
Russell 2000 leads the way as Volume Drops across Exchanges
Economic data continues to be on the lighter side of things as the only release was MBA’s weekly release of mortgage applications. They rose 4.7% week-over-week after rising last week by 11.9%. Market participants were busy mulling over IBM’s earnings release and it...
Dow Ends Lower, but NASDAQ shakes off Intraday Selling ends near Session Highs
US markets came off a long-weekend and moved higher after the Martin Luther King Jr. holiday. The Dow was the only exception on the day lead by IBM, JNJ, and TRV to the downside. Volume continues not to matter, but we’ll give today’s session a pass as Friday’s...
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolios remain under a BUY condition across the board with very little weighing on our model. The only problems we see with the current rally is that we still have not rallied enough into new high ground to completely remove the previous...
A Nice Quiet Day of Consolidation as Earnings Seasons Revs Up
Outside of the Dow’s loss the market was relatively quiet pricewise as the prior two day’s worth of gains are digested. We did get a few breakdowns from NUS, HLF, and BBY. However, the overall market settled nicely into a tighter than normal day’s range. Volume was...
Stocks Reach New Highs as Volume Jumps
A strong move today as price and volume moved in unison. It was a powerful move simply because we cleared the way for a new high in higher volume. After Monday’s session yesterday and today’s session has completely rendered Monday’s selling meaningless. While the...
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